JPMorgan Chase & Co. Increases Stock Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

JPMorgan Chase & Co. increased its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 69.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,607 shares of the industrial products company’s stock after acquiring an additional 139,042 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.75% of Hudson Technologies worth $2,824,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. West Tower Group LLC acquired a new position in Hudson Technologies in the third quarter valued at $28,000. nVerses Capital LLC purchased a new position in shares of Hudson Technologies during the third quarter worth about $28,000. FMR LLC grew its holdings in shares of Hudson Technologies by 299.8% during the third quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after buying an additional 3,502 shares during the last quarter. Quarry LP increased its position in Hudson Technologies by 901.1% in the 3rd quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 4,208 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in Hudson Technologies during the 2nd quarter valued at approximately $55,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HDSN. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and dropped their target price for the company from $10.00 to $7.00 in a report on Tuesday, November 5th. B. Riley reissued a “neutral” rating and issued a $7.25 price objective (down from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $12.00 to $7.00 in a research note on Tuesday, November 5th. Roth Capital downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Canaccord Genuity Group cut their price target on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.85.

Hudson Technologies Stock Up 1.0 %

NASDAQ:HDSN opened at $6.09 on Tuesday. Hudson Technologies, Inc. has a fifty-two week low of $5.17 and a fifty-two week high of $15.24. The firm’s fifty day simple moving average is $5.79 and its 200-day simple moving average is $7.24. The stock has a market cap of $275.27 million, a PE ratio of 9.37, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The company had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. During the same period last year, the firm earned $0.34 EPS. Equities analysts anticipate that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.